Early optimism that the Greek government will have a debt restructuring deal done this week, gave temporary rise to the markets as we started to get ready for the US trading session. Key morning reports posed some challenges for us to navigate and pay attention to as we looked for the best possible market entries.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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Renewed concerns over whether or not Greece will close a successful deal on their debt restructuring needs has most investors nervous and staying away from equity investments. As a result, many markets were moving lower as we entered the open of the US trading session and didn't really give us much to work with.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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Yesterday afternoon, Fed Chairman Bernanke sent the global markets higher when he announced that US interest rates would remain below 1% through 2014 and that inflation would be held at 2%. The key question for most traders was whether or not this momentum would continue into this morning's session.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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President Obama gave investors plenty to think about in last night's State of the Union Address amid ongoing concerns over European debt issues and job growth in the United States. With several key reports scheduled for morning release, and FOMC activity planned for the afternoon, our plan was to carefully navigate around these events and look for safe entries.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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Its hard to talk about anything else but the European fiscal crisis, and on a very slow news day, continued concern over the Greek debt negotiations remained top of mind for most investors. This made for very quiet and listless markets that were nearly impossible to trade.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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As long as Greek debt restructuring discussions remain front and center, investors will continue their cautious attitudes, as they wait for more certainty to firm up the markets. As a result, we expect the markets to remain timid, and tricky to trade, without a significant catalyst to get things moving.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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Concerns over ongoing debt discussions in Greece, and disappointing top line sales at General Electric, had many of the markets moving lower as we approached the open of the US trading session. It was also options expiration Friday and this had us carefully pick through opportunities to find the best entry signals.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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Decent bond sales in France and Spain, along with positive earnings from Bank of America, helped the markets to open higher this morning. Combine this with better-than-expected jobless claims data, and we were all set for a fun trading session.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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Concern over Greece's ability to secure refinancing of its debt, and an impending short-term debt auction in Portugal, weighed on overnight trading. With no major news or events scheduled during the US morning trading session, we opted for a cautious approach to the markets.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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Positive news on China's GDP, and Spain's short-term bond auction, helped to propel overnight markets higher, before poor earnings results from Citigroup threw a wet blanket on things. As a result, we expected the markets to trade with some indecision, and opted for a cautious trading plan for the morning trading session.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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